Bitcoin has gained 570% during its current cycle and is heading closer to a record-breaking $100,000 mark.
Long-term investors sold over 128,000 BTC recently, signaling profit-taking but also fueling new opportunities in the market.
The $100K milestone could attract more institutional buyers, reshaping Bitcoin’s growth and increasing its global importance further.
Bitcoin has exceeded $99,000, signaling its steady march toward the $100,000 milestone and capturing global marketing attention. The 2022+ cycle shows enormous price growth, but recent data also reveals that those who have held have sold huge amounts of Bitcoin.
https://twitter.com/glassnode/status/1859986544058065208
According to Glassnode, the coin's current cycle has already delivered a 570% increase since the lowest cost point of the cycle. Although this growth is notable, the 2018–2022 cycle achieved a slightly higher increase of 597%. These numbers show that the coin continues to grow considerably during each cycle despite volatility.
Bitcoin’s Market Cycles Show Strong Patterns of Growth
Each market cycle in Bitcoin's history highlights its ability to grow consistently over time even during uncertain conditions. The ongoing 2022+ cycle saw a 570% increase, continuing Bitcoin’s history of strong performance across different time periods.
The 2018–2022 cycle outperformed the current one slightly, with a 597% increase in value from its cycle low to peak. Earlier, the 2015–2018 cycle demonstrated a more modest rise of 481%, but this still reflects strong upward momentum.
Cycles generally start with a rapid increase in price followed by periods of consolidation or pullbacks. This behavior demonstrates Bitcoin’s capacity to recover and maintain long-term growth, making it an important asset for many investors.
Permanent Participants Sell Bitcoin Amid Record Prices
Data from Glassnode reveals that over 128,000 BTC have been sold by long-term holders since October. This trend aligns with its latest cost surge.
These sales reflect a strategy by investors to lock in profits during price rallies, which historically leads to short-term corrections. While some fear that such profit-taking could hurt the price in the short term, it often creates opportunities for new market participants to enter.
As Bitcoin climbs higher, the activity by long-term holders has created fresh liquidity, which could attract more buyers. These dynamics are likely to influence the market as Bitcoin approaches the important $100,000 threshold.
What Happens When Bitcoin Hits $100K?
The $100K milestone could draw interest from commercial lenders and retail buyers alike, fueling further price increases or abrupt movements. As the market adapts, the token's next steps will depend on investor behavior and regulatory developments shaping its broader adoption.
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